Mylo vs Risklytics: How Do They Compare for Business Insurance?

Mylo describes itself as an independent insurance broker for small and growing businesses. It recommends coverage and compares available quotes from multiple insurers rather than issuing its own policies. ^1,2Company-reported. Mylo’s direct US small-business offering. The reviewed sources establish Mylo’s described brokerage role, not the suitability or availability of a particular policy.

Mylo says it launched within Lockton Companies in 2015 and now has Group 1001 as its backer. A May 2023 Kansas City Business Journal report said Group 1001 became the majority investor and Mylo was no longer part of Lockton; the reviewed sources did not provide a newer ownership percentage. ^2,16,17Verified. Corporate history and ownership evidence reviewed through 15 September 2026. Group 1001’s backing does not establish that a Group 1001 insurer underwrites any particular Mylo placement.

Mylo, LLC operates the website and is the named insurance agency. Its footer identifies Mylo Insurance Solutions, LLC as a trade name in California, Illinois, Michigan and North Dakota, and Mylo Solutions, LLC as a trade name in New York. ^1,3,18,19Verified. Entity and trade-name disclosures on ChooseMylo.com as of 15 September 2026. Massachusetts licensing and Florida corporate records corroborate Mylo, LLC’s identity but do not verify every listed trade name.

Mylo also supplies an embedded insurance-shopping service to other companies and insurance agencies. A buyer entering through a partner should identify whether Mylo, the partner or another licensed entity is the producer for the transaction. ^15,16Company-reported. Partner-distribution model described by Mylo and Group 1001. The sources do not establish the legal role for every partner implementation.

Risklytics arranges commercial insurance for frontier-technology businesses; its disclosures identify Risklytics, Inc. dba Risklytics Insurance Services as producer, not insurer. ^22,23Company-reported. Company legal disclosures, including live terms section 2. Producer authority is company-reported, not regulator-verified.

A business buyer can answer questions about the company and industry online or work by phone with a licensed advisor. Mylo says its system recommends coverage and compares available quotes; some carrier and coverage combinations can be purchased online, but an agent finalizes the policy in most cases. ^1,3Company-reported. Current direct small-business workflow described on Mylo’s site. The sources do not promise a quote, bindable offer or completion time for every applicant.

Mylo’s Terms of Use, last updated May 27, 2026, say purchases may have additional transaction terms, require accurate and complete application answers, and may not result in an issued policy. AI-generated estimates are not quotes, binders or coverage; the carrier determines the actual offer after a complete application. ³Company-reported. Website Terms §§1.2, 6 and 9.1.1, last updated May 27, 2026; not the complete terms of an individual insurance transaction or insurer policy.

Risklytics says it drafts your application from your business description and public website for your review and signature; it also advertises Slack and email updates, but the process was not independently tested. ²¹Company-reported. Current official service description; not independently tested or a policy entitlement.

Risklytics says it reviews your application, approaches insurers and explains quote wording; the insurer binds only after you accept, and timing varies by risk. ²⁶Company-reported. FAQ process description only; no application, quote or binding transaction performed.

The reviewed public pages identify Mylo advisors, a service-professional fallback and a benefits HR portal, but do not establish one universal workflow for commercial policy changes, certificates, renewals or cancellations across carriers. ^1,4,14Not found in reviewed sources. Public direct-business, carrier-contact and group-benefits pages reviewed on 15 September 2026. Carrier- or policy-specific service may still be available.

Risklytics says its broker stays on the account and can issue certificates against a binder; public pages do not promise renewal shopping or certificate turnaround. ^26,23,27Company-reported. Published servicing descriptions; no authenticated account inspected or service delivery measured.

Risklytics advertises an email response within a day; treat this as a target, not an emergency-claims commitment or verified result. ²⁷Company-reported. Current official service description; not independently tested or a policy entitlement.

Mylo says it has agents licensed in all 50 states. Current Massachusetts regulator lists independently show Mylo, LLC under NPN 18590034 for property-and-casualty and surplus-lines authority in that state, but the reviewed sources do not establish every product’s availability in every state. ^1,19,20Company-reported. National licensing is a company statement with one-state independent corroboration. Product, insurer and class eligibility must be checked for the applicant’s state.

Verify the current producer authority for your location: Risklytics publishes NPN 22311838 and selected state licenses, but these company-listed identifiers are not independent verification or proof of product access. ²²Company-reported. About page attributes its table to NIPR; no NIPR producer report or regulator-issued record was obtained.

California is absent from Risklytics’ reviewed license table; this does not prove it cannot arrange coverage, so confirm the producer, authority and insurer before relying on a quote. ^22,23,31Not found in reviewed sources. Official company disclosures and initial CDI business-name search interface reviewed. No completed CDI search or license result. Office location and a fictional homepage demonstration mentioning CA do not establish authority.